Exxon Mobil hikes dividend by 4.2% to 99 cents in 2024

Dividend Aristocrat oil major Exxon Mobil (ticker XOM) will hike its dividend by 4.2 percent to $0.99 per share quarterly in 2024. This will mark 43 consecutive years of dividend increases by XOM.

Exxon Mobil did not announce a dividend hike in 2020, ending a streak of annual dividend increases announced by the company. Based on calendar years and looking at total dividend per share paid every year the dividend streak did not stop in 2020 with XOM now raising the dividend for 43 consecutive years.

Exxon is a Dividend Aristocrat even with no increase in 2020

Exxon declared a fourth-quarter dividend of $0.99 per share, an increase of 4%, payable on December 10, 2024, to shareholders of record of Common Stock at the close of business on November 14, 2024.
The company has increased its annual dividend for 42 consecutive years, a claim that less than 4% of the S&P 500 companies can make. With this new dividend hike the track record will be 43 years in 2025. At a stock price of $116.78 the dividend yield for Exxon Mobil is 3.4%. 

Exxon Mobil Corporation is engaged in the exploration, production, trade, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and a range of specialty products. Segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Exxon Upstream segment operates to explore for and produce crude oil and natural gas. The Exxon Downstream manufactures, trades and sells petroleum products. The Exxon refining and supply operations consists of a global network of manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants and other products and feedstocks to its customers around the world. The Exxon Chemical segment manufactures and sells petrochemicals. The Exxon Chemical business supplies olefins, polyolefins, aromatics, and a variety of other petrochemicals. Exxon Mobil has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania.